Transportadora de Gas del Sur (NYSE:TGS) Reaches New 12-Month High – Should You Buy?

Transportadora de Gas del Sur S.A. (NYSE:TGS) shares hit a new 52-week high during trading on Friday . The company traded as high as $29.91 and last traded at $29.83, with a volume of 665002 shares trading hands. The stock had previously closed at $29.56.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Transportadora de Gas del Sur from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 6th.

Transportadora de Gas del Sur Stock Up 0.7 %

The company has a fifty day moving average of $22.24 and a 200-day moving average of $19.84. The company has a current ratio of 2.67, a quick ratio of 2.64 and a debt-to-equity ratio of 0.24.

Institutional Investors Weigh In On Transportadora de Gas del Sur

Large investors have recently made changes to their positions in the company. BNP Paribas Financial Markets acquired a new stake in Transportadora de Gas del Sur in the first quarter valued at approximately $62,000. Quadrature Capital Ltd boosted its holdings in Transportadora de Gas del Sur by 101.9% in the first quarter. Quadrature Capital Ltd now owns 75,531 shares of the energy company’s stock worth $1,141,000 after purchasing an additional 38,123 shares in the last quarter. B. Riley Wealth Advisors Inc. increased its position in Transportadora de Gas del Sur by 30.8% during the first quarter. B. Riley Wealth Advisors Inc. now owns 38,200 shares of the energy company’s stock worth $577,000 after buying an additional 9,000 shares during the last quarter. Truxt Investmentos Ltda. acquired a new position in Transportadora de Gas del Sur during the second quarter worth $1,723,000. Finally, Blue Trust Inc. bought a new position in Transportadora de Gas del Sur during the second quarter valued at about $41,000. Institutional investors own 3.29% of the company’s stock.

About Transportadora de Gas del Sur

Transportadora de Gas del Sur SA engages in transportation of natural gas, and production and commercialization of natural gas liquids in Argentina and internationally. The company operates through four segments: Natural Gas Transportation Services; Liquids Production and Commercialization; Midstream; and Telecommunications.